Trump announced in Thursday that United States will be withdrawing from the Paris Climate Pact. He also mentioned that since the Election Day on November 8th, the US has added $3.3 trillion in stock market to the economy, and had opened up more than a million private sector jobs. He also concluded a military and economic development deal of $350 billion which was finalized during his foreign trip.

Withdrawing from the Paris Climate Accord is a necessity for the United States, as the deal works against the US, punishing it for being a developed country. Each year US and several other developed countries have to give $100 billion to developing countries, so that they can counter the climate change threat. And so far, US has given a sum of $1 billion, which is far more than any of the countries.

The Paris Accord can cost US as many as 2.7 million jobs by 2025. It also asks US to reduce coal production by 86 percent or more, and several other industries, which will cost the economy a good $3 trillion in lost GDP and 6.5 million jobs.

Countries like China and India, on the other hand, have free rein and can increase coal usage, with Indian given the authority to ‘double’ its coal production.

On another note, the Trump administration also asked the Supreme Court to reinstate the travel ban on six countries – Iran, Libya, Somalia, Sudan, Syria, Yemen.

It’s a pretty selfish world from here on. Each country is looking out for themselves first, which isn’t a wrong thing in general. It’s just sad to hear it. And different countries in Paris Climate Pact get different rules & regulations because they are at a different stage of development, with United States considered at the top of the chain. That’s why other countries are allowed to use coal, till they build infrastructure for renewable resources, since it’s cheaper.